Martha Stewart announces plans for home improvement reality show

Two TV shows aren't enough for Martha Stewart, so she's adding a third -- this time a home-improvement reality show.

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The new show, to debut next year, will center around six women either coming off welfare, bankruptcy or out of rehab who work together with mentors to renovate a house, E! Online reported Monday.

Martha Stewart Living Omnimedia has already purchased a 125-year-old, 2,500 square foot house in Norwalk, Conn., for $700,000, which will be the subject of the reality show.

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"Our new home improvement series will inspire and inform, while mentoring and teaching valuable life skills, from repairing brickwork, laying flooring, painting rooms and installing a functional and lovely kitchen," Stewart, 64, said in a statement.

Meanwhile, E! reports Stewart's syndicated talk show "Martha" has decent ratings but her "The Apprentice:Martha Stewart" series is performing less than stellar for NBC against ABC's hit series, "Lost."

The Peacock Network says it is moving Stewart's "Apprentice" spinoff to 9 p.m. Wednesdays and pushing the "E-Ring" back into the 8 p.m. slot.